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STAG Industrial Announces Pricing Of Public Offering Of Common Stock
STAG Industrial, Inc. (the “Company”) (NYSE: STAG) today announced the pricing of its public offering of 6,500,000 shares of its common stock for gross proceeds of approximately $190.1 million. The Company has also granted the underwriters of the offering a 30-day option to purchase up to an additional 975,000 shares of common stock. The offering is expected to close on April 4, 2019, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering to repay indebtedness outstanding under the Company’s $500 million unsecured credit facility, to fund acquisitions, for working capital and other general corporate purposes, or a combination of the foregoing.
BofA Merrill Lynch and Wells Fargo Securities served as the joint book-running managers for the offering.
A registration statement relating to these securities became effective upon filing with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
The offering of these securities will be made only by means of a prospectus supplement and related base prospectus. Copies of the preliminary prospectus supplement, final prospectus supplement (when available) and the related base prospectus may be obtained from: (a) BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by e-mailing [email protected]; (b) Wells Fargo Securities, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate Department, or by calling (800) 326-5897 or by e-mailing [email protected]; or (c) the Internet site of the Securities and Exchange Commission at http://www.sec.gov.
SOURCE STAG Industrial, Inc.
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